At the beginning of 20x1, the accounting records of Friends Corp. reported the following: Preferred shares, 8.200 shares outstanding, no-par Common shares, 182,000 shares outstanding, no-par Contributed capital on common share retirement Retained earnings During the year, the company acquired and retired shares, while other shares were issued: 15 Mah 25,800 common shares bought and retired at $5 per share 18 Mach 4,900 preferred shares bought and retired at $30.30 per share 20 May 10,100 common shares bought and retired at $1 per share 25 May 2,600 preferred shares bought and retired at $18. 10 per share 30 May 11,600 common shares issued at $12.10 per share 15 Nov. 5,700 common shares bought and retired at $22 per share Required: 1. Give journal entries to record each share retirement transaction. (Round intermediate calculations to 2 decimal places and Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Recerd retirement of common shares at s5 per share ute r ot tur oe Date Geeral Juumal De Cred 15 March 2. Calculate the closing balance in each account in shareholders' equity. (Round intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar.) Preferred har Commen shar Contributed capital on share retiremert Commen Pretered Retained eamings